Would a 1.5% wealth tax / year be worse for you if it replaced both short and long term capital gains? I don't mean to penalize you, but rather combat the type

Would a 1.5% wealth tax / year be worse for you if it replaced both short and long term capital gains? I don't mean to penalize you, but rather combat the type of entrenched mult generational wealth that's really damaging while also removing the need for special 401k/Roth IRA style retirement accounts. It would also increase liquidity by allowing people to buy and sell without concern for the tax implications.